global shoes dryer market

Global Shoes Dryer Market is projected to exhibit a CAGR of 2.83% between 2017 and 2025

Author: QYResearch | Published Date: 2018-08-18| Views: 27

According to the report, global revenue for Shoes Dryers market was valued at $ 61.98 million in 2017, and is expected to generate revenue of $ 77.51 million by end of 2025, growing at a CAGR of 2.83 % between 2017 and 2025.

Global Shoes Dryer Market: Market Driver and Restraint

1. Rise in online retailing

Increased internet penetration, easy access to smartphones, and rise in the use of e-banking systems will aid in the growth of the shoe dryer market. Consumers today prefer the convenience of online shopping rather than visiting physical stores, owing to their hectic lifestyles. Low prices and discounts offered through online shopping websites are yet another factor for the preference of shopping through these platforms.

2. Growing participation in sports and fitness activities

Engagement in sports and physical fitness activities plays a significant role in promoting health and wellness among children and adults. Increased interest, especially among young consumers, in maintaining a good physical appearance is leading to an increase in the use of fitness gear including jogging shoes, camping shoes, and trekking shoes. The physical activities also lead to increased sweat generation, thus leading to fungus generation inside the shoes. Thus, with increased use of shoes, the demand for shoe dryers is also expected to increase.

Additionally, there has been an increase in the trend of body building among youngsters, resulting in increased admissions to the gym and fitness centres across the globe. Many professional gyms and other fitness centres provide commercial shoe dryers for the convenience of their members. Thus, with an increase in the memberships in gyms and fitness clubs, there will be an increase in the demand for commercial shoe dyer.

3. A humid environment and a rising standard of living have also contributed to market growth.

Global Shoes Dryer Market: Forecast by Application

This segment includes Commercial Appliance and Home Appliance. The commercial segment was the leading revenue contributing end user segment and will continue to lead the market until the end of 2025. Due to the increasing focus on staying fit, several people have started going to gyms, sports clubs, and other fitness centres. As such physical activities lead to sweat generation, several fitness centres use commercial shoe dryers for their members. Although the number of commercial dryers sold is very few compared to the individual shoe dryers, its revenue share is more than the individual shoe dryers.

Global Shoes Dryer Market: Forecast by Form

This segment includes Boot Dryer and Shoe Drying Rack. On the basis of product type, they come usually as Boot Dryer. The Boot Dryer segment is projected to account for the largest volume share during the forecast period; this segment was estimated to account for 94.87 % market share in 2017.

Global Shoes Dryer Market: Forecast by Region

In this study, the market for the Shoes Dryer consumption divided into six geographic regions. This segment includes North America, Europe, China, Japan, Asia-Pacific (Ex. China & Japan) and Rest of World. Among all regions, Europe was the highest revenue contributing region in the global shoe dryer market during 2017 and will continue to lead the market in the coming years. In Europe, there has been an increase in the participation in outdoor recreational activities and there are over 25,000 campsites, which is a major factor driving this market’s growth in the region. Moreover, the camping industry is one of the main components of European tourism. Countries like Italy, Spain, the UK and France boast popular destinations for campers and witnesses many tourists and local camping.

Of the major players of Shoes Dryers, IMPLUS maintained its first place in the ranking in 2017. IMPLUS accounted for 12.99 % of the Global Shoes Dryers revenue market share in 2017, followed by Peet Dryer.